Fuzul Gayrimenkul Yatirim Ortakligi Stock Forecast
Red day on Friday for Fuzul Gayrimenkul Yatirim Ortakligi stock after losing 0.288%
(Updated on May 31, 2024)
The Fuzul Gayrimenkul Yatirim Ortakligi stock price fell by -0.288% on the last day (Friday, 31st May 2024) from TRY 13.87 to TRY 13.83. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.01% from a day low at TRY 13.47 to a day high of TRY 14.01. The price has been going up and down for this period, and there has been a 12.17% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -734 thousand shares and in total, 6 million shares were bought and sold for approximately TRY 86.68 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at TRY 14.14 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Fuzul Gayrimenkul Yatirim Ortakligi stock with a 90% probability to be traded between TRY 10.85 and TRY 14.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FZLGY.IS Signals & Forecast
The Fuzul Gayrimenkul Yatirim Ortakligi stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 13.61 and TRY 12.55. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Fuzul Gayrimenkul Yatirim Ortakligi stock
Fuzul Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 13.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 0.540 between high and low, or 4.01%. For the last week, the stock has had daily average volatility of 6.10%.
Our recommended stop-loss: TRY 13.22 (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (FZLGY.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Fuzul Gayrimenkul Yatirim Ortakligi Anonim Sirketi to open at TRY 13.77, and during the day (based on 14 day Average True Range), to move between TRY 13.08 and TRY 14.58, which gives a possible trading interval of +/-TRY 0.748 (+/-5.41%) up or down from last closing price. If Fuzul Gayrimenkul Yatirim Ortakligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 10.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at TRY 13.76 (0.51%) than the resistance at TRY 14.14 (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fuzul Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Fuzul Gayrimenkul Yatirim Ortakligi stock to perform well in the short-term period.
Current score: 1.041 Buy Candidate Unchanged
Predicted Opening Price for Fuzul Gayrimenkul Yatirim Ortakligi Anonim Sirketi of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 13.77 ( 0.434%) | TRY 13.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FZLGY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.31 | 3.47 % | |
| R2 | 14.10 | 1.98 % | ||
| R1 | 13.98 | 1.06 % | ||
| Current price: | 13.83 | |||
| Support | S1 | 13.56 | -1.93 % | |
| S2 | 13.44 | -2.85 % | ||
| S3 | 13.23 | -4.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.89 | 7.66 % | |
| R2 | 14.17 | 2.46 % | ||
| R1 | 14.14 | 2.24 % | ||
| Current price | 13.83 | |||
| Support | S1 | 13.76 | -0.506% | |
| S2 | 13.49 | -2.46% | ||
| S3 | 13.32 | -3.69% |
FAQ
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